Gryphus Capital Group is a pan-Asian investment firm based in Singapore.

Overview

What we Provide

We provide a flexible and customised source of capital to sound businesses. Our investment strategy
focuses on maximising return while minimising investment risk, uses a variety of structured approaches
and collateralisation and seeks to improve certainty of successful exit.

Our Philosophy

Our philosophy is to protect investors’ capital, deliver superior risk-adjusted returns to investors,
develop and maintain long-term partnerships with entrepreneurs/founders, deal sources, local partners,
and investors on a global basis.

Who we are

Gryphus Capital Group has an experienced team with more than 20 years of relevant investment experience
on average, extensive experience of deal structuring, portfolio management, credit risk, operations and
corporate governance, an excellent track record of successful special situation and customised private
equity investing in Asia and globally, and a shared history of working together since 2000. Gryphus
Capital Management Pte Ltd holds a Capital Markets Services License from the Monetary Authority of
Singapore.

Our Team

Management and Investment Team

Dr. Harrison Wang

Chairman

Harrison Wang is the Chairman of Gryphus Capital and Director and Chairman of
the investment committees of the RHB Pre-IPO & Special Situation Fund series and the RHB- OSK
GC-Millennium Fund LP. Harrison brings a wealth of investment, operational and technology experience.
His previous positions include CEO of Deutsche Bank's e- millennium Asia Fund, and Managing Director
and Head of e-Business Asia Pacific for Deutsche Bank Group. He also worked for General Electric (GE)
where he was the Managing Director, Asia Pacific Business Development responsible for mergers and
acquisitions for the Asia Pacific region. He was the Managing Director of Emerging Market Group of GE
Capital, responsible for GE Capital's business in four Asian countries, including Korea,
Singapore, Malaysia, and the Philippines.

Prior to GE, Harrison had extensive Silicon Valley experience including 4
years Robotics research work in Stanford University Artificial Intelligence Laboratory and 8 years of
venture capital and technology development and application work in robotics and industrial automation.

Harrison has over 25 years' experience as board member for public and private
companies in over 10 countries. He received his BS degree from National Taiwan University and his MS
and PhD degrees from Stanford University.

Jason Chen

Chief Executive Officer

Jason Chen is our Chief Executive Officer and leads our investment programme
as a Managing Director. He is a board member of various companies and funds including the RHB Pre-IPO
& Special Situation Fund series and also a core member of the investment committees. Jason’s wide
investment experience includes previous positions as Vice President and Head of Asia for AIG
Investments’ Capital Recovery Group, a proprietary group responsible for investing in global distressed
and special situations opportunities where he was responsible for origination and underwriting of all
investments in Asia. Jason was also AIG’s representative director for its US$1 billion China investment
joint venture fund with Deutsche Bank, as well as a director for AIG’s Brazilian distressed investment
platform. He was also a Vice President at Pine Tree Equity, a private equity fund set up by AIG for
distressed assets investments in China and Korea.

Jason has significant start-up operation experience including the Asia rollout
of ArrayComm, a world leading company in next generation wireless technology, and took the position as
the Corporate Development Manager for Asia, and also the start-up operation experience in Singapore and
in the United States.

Jason received his BA degree in Economics and Psychology from Stanford
University and his MBA from INSEAD. He is a CFA and CAIA charterholder.

Steve Ting

Managing Director

Steve is a veteran in the information communication technology industry with
more than 25 years of experience including management positions in Hewlett Packard and Mentor Graphics.
His previous positions include Executive Chairman and Director of BT (British Telecom) Frontline;
Founder and Executive Chairman of Frontline Technologies Corp., a company listed on the main board of
the Singapore Stock Exchange and later acquired by British Telecom.

Steve is also an advisor to EDBI, the investment arm of EDB for future
technologies and is represented on the board of numerous public and private companies in Asia Pacific.

Steve holds a B.Eng. degree from the National University of Singapore and was
a previous recipient of the Ernst and Young’s Entrepreneur of the Year Award and the NUS Centennial
Entrepreneurship Award.

Klaus Goesmann

Managing Director

Klaus' 25+ years’ experience includes being a Managing Director and Divisional
Board Member, Group Treasurer and previously Co-Head of Investment Management at WestLB; founding
partner and CFO/COO of e-millennium Asia Fund, a strategic private equity fund set up by Deutsche Bank;
and Director at Deutsche Bank where his roles included Director e-business, Head of Strategy Asia
Pacific, M&A Asia Pacific, and Deputy Global Head of Equity and Balance Sheet Management. Earlier
in his career Klaus held positions at Booz Allen & Hamilton consultants and Siemens AG. He also
set-up and later sold a successful start-up business.

Klaus holds an MBA from INSEAD and an MSc in Physics from Munich University
where he was a scholar of the German Academic Scholarship Foundation.

Ian Low

Director

Ian is responsible for the origination and execution of investments and has
over 16 years' experience in banking and finance. Before joining Gryphus, Ian was involved with private
equity and mezzanine financing at Maybank Asset Management (Singapore) and Gemcorp Capital LLP. Prior
to that, he spent a decade in various coverage and structured finance roles in Raiffeisen Bank
International AG and Standard Chartered Bank Malaysia.

Ian started his career at Ernst & Young LLP, London in 2001. He holds an
M.A. (Econ) Finance from Manchester University and B.A. Industrial Economics from Nottingham
University.

Koh Kai Xiang

Senior Associate

Kai Xiang holds the role of Senior Associate at Gryphus Capital focusing on
investment analysis and valuation.

Prior to joining Gryphus, he was a Senior Associate with the Corporate Finance
team and Associate with M&A Valuation team at PricewaterhouseCoopers (PWC).

Kai Xiang is a CFA charterholder and holds double first class
honours in Bachelor of Accountancy and Bachelor of Business from Nanyang Technological
University/Business School.

Shin is an active board member of several listed companies operating in China
and ASEAN.

She holds a law degree (LLB) from Queen Mary College and the National
University of Singapore.

Graham Light

Co-founder & Advisor

Graham has 30+ years’ experience in investment banking, hedge funds and
private equity including quantitative and statistical programming. He is a valued member of our
investment committees and also a partner at QXI, a digital platform for the execution and scaling of
systematic and quantitative asset management strategies. Previously, Graham was Divisional Board
member, Head of Investment Management at West LB, responsible for a $100+bn portfolio. Prior to that,
Graham was Managing Director at Deutsche Bank running a sponsored private equity fund, proprietary
trader at Tudor Investment Corp, Tokai Capital Markets and a derivatives trader at Merrill Lynch.

Graham has an MA, Physics, Oxford University where he was a Rhodes Scholar and
an Anglo American Open Scholar.

Eamonn McConnell

Co-founder & Advisor

Eamonn's 30+ years’ experience includes being a founding partner of
e-millennium Asia Fund, a strategic private equity fund established by Deutsche Bank; a Managing
Director and CIO of Kensington Capital, a portfolio manager of alternative investment strategies based
in Toronto; a Director of Independent Review Inc. an advisory firm working with the fund management
industry in Canada; the Deputy Chairman of the Alternative Investment Management Association (AIMA)
Canada; a Managing Director of Deutsche Bank in Hong Kong and London responsible for the firm's Debt
Underwriting business; a Managing Director and CIO of Thai Asia Mutual Fund company where he managed
the firm's equity portfolios; a Director of Merrill Lynch Capital Markets in Hong Kong and London; an
associate at Wood Gundy in London.

Eamonn holds an MBA from McGill University in Canada and HEC in France. He is
a CAIA Charterholder.

Dr. Sheila Wang

Advisor

Sheila has extensive experience and networks in both academia and industry.
She is the Academic Director, MBA Management Practicum and Adjunct Professor at the National University
of Singapore and a Board of Director SAA at Stanford University.

Sheila holds a Masters in Management Sciences and Engineering from Stanford
University and a Doctorate in Business Administration from the University of Newcastle.

Support Team

Hazel Heng

Finance & Operations

Hazel has more than 25 years of experience in finance, accounting and office
administration. Prior to joining Gryphus, she has worked with Jacobs Engineering, the Berjaya Group and
the British Petroleum Group.

Hazel holds a Bachelor of Accountancy from the National University of
Singapore.

Jacqueline Yong

Administration & Finance

Jacqueline is assisting the team on the Administration and Finance side.

She holds an Advanced Diploma in Accounting and Business by ACCA from the
Kaplan Learning Institute and is currently completing the Association of Chartered Certified
Accountants examinations.

Investment Approach

Gryphus Capital Group has designed its approach to investing such
that
it:

Adds value to investee companies with a focus on strategic introductions, growth opportunities
including M&A, as well as operational and strategic support

Develops long-term partnerships with companies across Asia and a global investor base

Funds/Investments

Gryphus Capital Group is advising a series of specialised funds and
investment portfolios.

Details of funds and portfolio companies are available to clients:

Our Heritage

Our symbol represents both the mythical creatures of the classical Gryphon and the Chinese Qilin. Our
name comes from the latin name for Gryphon.

The Gryphon, Griffin or Griffon is a mythical classical creature with the body of a lion and the head
and wings of an eagle. As the lion is traditionally considered the king of the beasts and the eagle, the
king of the birds; the Gryphon is considered a stately, majestic and powerful creature.

The Qilin (麒麟) is the Chinese mythical creature which has dragon like features, with scales, torso of a
deer, an ox tail, hooves of a horse and sometimes a horn like a unicorn. It is often depicted covered in
fire and is considered a symbol of luck, good omens, protection, prosperity, success, and longevity.

Together the Qilin and the Gryphon reflect the firm’s blend of Asian and global cultures uniting diverse
business backgrounds in prosperity.

Gryphus Capital’s symbol is an abstract and progressive representation of the Gryphus, designed in
accordance with the principles of energy, purity, and longevity.